Silicon Valley investors explain why they’re scared of China

Silicon Valley investors explain why they're scared of China

Sequoia is arguably Silicon Valley’s most profitable enterprise capital agency, having invested in giants like Apple, Google, Oracle, YouTube and Yahoo over its almost 5 a long time. Vernal joined in 2016 from Fb, the place he spent greater than eight years, most not too long ago main its search group.

Within the early days of Fb, the corporate resented the fast-imitation of social community knock-offs in Russia and China, he says, however now it is trying with envy at China’s extraordinarily well-liked WeChat messaging app.

“Immediately, for those who take a look at WhatsApp or Messenger, each of them pale compared to WeChat, which is only a power to be beheld in China,” he stated. “In some ways, the Messenger and WhatsApp groups want that they had one thing as influential, and highly effective, and ubiquitous as WeChat.”

One other Sequoia associate, Mike Moritz, not too long ago got here below hearth for an opinion piece evaluating Silicon Valley’s work ethic unfavorably to China’s, the place he says tech staff typically work ten hour days, six days per week. Critics referred to as his take tone deaf, and stated it glorified unhealthy work practices.

Here is the total listing of the highest tech developments that the VCs introduced on the occasion: